Strongest Sectors: XLF +3.22%...XLI +2.40%...XLY +1.79%
Weakest Sectors: XLV +0.91%...XLP +0.97%...XLE +1.06%
Sector Watch
Up Trending:
Sideways: XLE, XLP, XLU, XLY, XLV, XLI, XLB, XLK, XLF
Down Trending:
All nine sector ETFs rose on Wednesday. XLF was the leading sector for the second straight day.Oil rose over 14% on the eve of when the OPEC production cuts were scheduled to occur. Watch to see if this is just a counter trend move or turns into a trend change.One news based view that I saw was that the market was up on Wednesday and the volume was low so that indicated no conviction. We stated on Monday of last week to expect volume to be low in the two holiday shortened weeks and to expect movement to shift back and forth between buyers and sellers. That is what happened.The low volume on Wednesday, oh yes and Tuesday and Monday and Friday are not evidence of lack of conviction, rather it is evidence that many traders took time off. Period.The broad indices are in sideways trends so expect them to bounce between support and resistance until they breakout of the trading range. Expect this to occur whether it happens on low or high volume. The market this week acted precisely consistent with a sideways trend and a low volume holiday shortened week. Period.The head and shoulders bottom in each of the four major indices indicates a potential move up over the month of January. On the DJIA that is a move to the 10,200 area. Of course a good trader knows that patterns give the more probable move and price target and that the less probable move can still occur.Dave's Insight: Technical analysis is about probabilities, not certainties.
ProphetCharts

Thursday, December 25, 2008

and I am pondering one of my favorite passages from Charles Dickens’A Christmas Carol. It was this same time of night when Scrooge was approached by the ghost of his partner Jacob Marley:
“’But you were always a good man of business, Jacob,’ faltered Scrooge, who now began to apply this to himself.
“Business!” cried the Ghost, wringing its hands again. “Mankind was my business; charity, mercy, forbearance, and benevolence were, all, my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!”
May we all, like Scrooge, learn to live in the present to make a better future for everyone with whom we associate.May a positive spirit of change and improvement bless your life this day and every day during the coming New Year! Merry Christmasand Happy New Year!

Index Commentary
The DJIA formed an inverted hammer closing above its 30 DMA and below its 50 DMA.
The SPX and Nasdaq are both forming a pennant pattern since Tuesday and closed just below their 50 DMA and above their 20 and 30 DMA.ProphetCharts
The RUT closed above its 50 DMA for the second time in three days while holding above its 20 and 30 DMA.
Stocks to Watch on Monday
Leading Stocks:
Holding Above 30 DMA
AYE…EZPW…PCLN…BAP…DLTR…FLR…FSTR…JCOM…JEC…PCR…ATK…B…IRIS…RTN…SNA…WMS…HAS…JOSB…AMZN…BIIB…BYI…HDB…LFC…PSSI…AMX…CERN…FWLT…GME…MTW…NEU…QSII…VMI…WAB…OI…PPD…CHU…FLS…MBT…RIO…BCO…MOS…NDAQ…ROST…VIVO…AET…ESRX…NGS…POT…UTX…ANSS…APH…CAM…CCC…CIR…CL…DECK…DV…EPR…ESI…GES…GILD…JW.A…MYGN…NIHD…NILE…NOV…PCP…SINA…SPTN…TEVA…ACL…BLUD…CBST…DNA…HLF…SOHU…CELG…OSIP…PRGO…PSYS
Moving Above 30 DMA = 7AGN…CHTT…CTSH…MCRS…RIMM…SPN…WCG

Wednesday, December 17, 2008

DJIA - 99.80, -1.12%
SP500 - 8.76, -0.96%
NASDAQ Comp. - 10.58, -0.67%
Russell 2000 + 3.74, +0.77%
Exchange NYSE NASD
Advancing 2,267 1,496Declining 1,566 1,377
Oil $40.06 -$3.54
Gold $867.50 +$25.80
SOX 221.16 -0.35
VIX 49.84 -2.53
Strongest Sectors: XLY +0.55%...XLB +0.08%...XLI +0.04%
Weakest Sectors: XLU -3.03%...XLK -1.94%...XLF -0.93%
Sector Watch
Up Trending:
Sideways: XLE, XLP, XLU, XLY, XLV, XLI, XLB, XLK
Down Trending: XLF
The DJIA, SPX and Nasdaq pulled back on Wednesday while holding above the S1 level of Tuesday’s large white candle. The VIX did not confirm the down move in the SPX today as the VIX also moved lower to 49.84, just the second close below 50 in the past 10 weeks. This has bullish implications as it suggests fear did not rise as the SPX fell. The SOX was stronger that the Nasdaq today suggesting a lack of weakness in semiconductors.
Also a review of the charts on the SPDR sector ETFS shows eight of the nine sectors have changed from down to neutral trend. We’ll continue to watch the sectors for a break above resistance to see if any of the trends move into an intermediate term uptrend.
Oil fell another 3.54 to close at a new 52-week low 0f $40.06 as OPEC announced another 2.2 million bpd production cut effective Jan. 1. OPEC members have a reputation for exceeding production quotas, so some are skeptical about members honoring the cuts. Oil’s drop in price since July is being fueled by demand destruction from global recession factors.
DECK one of Friday’s support bounce Stocks to Watch moved up another 3.49 or 5.2%. PCLN rose 4.32% on Wednesday. We placed an at support above the 20, 30 and 50 DMA entry on a real time virtual trade in our Dec. 10 webcast. We purchased 10 Jan 70 calls for 2.85. The close mark for Wednesday was $5.65, a 98% gain in just one week.
Dave is teaching a two day Advanced Technical Analysis Workshop in Orlando.Index Commentary
The DJIA formed a bearish harami that stayed above Tuesday’s S1 support level while closing for the second straight day above its 50 DMA.
The SPX formed a bearish harami that found buyers just above Tuesday’s S1 level and again closed above its 50 DMA.
The Nasdaq formed a white spinning top bearish harami that held above Tuesday’s S1 support level and fell just below its 50 DMA.
The RUT moved higher forming a white spinning top and closed above its 50 DMA for the first time since Sep. 22.
Stocks to Watch on Thursday
Leading Stocks:
Holding Above 30 DMA
AYE…EZPW…PCLN…BAP…DLTR…FLR…FSTR…JCOM…JEC…PCR…ATK…B…IRIS…RTN…SNA…WMS…HAS…JOSB…AMZN…BIIB…BYI…HDB…LFC…PSSI…AMX…CERN…FWLT…GME…MTW…NEU…QSII…VMI…WAB…OI…PPD…CHU…FLS…MBT…RIO…BCO…MOS…NDAQ…ROST…SHW…VIVO…AET…ESRX…NGS…POT…UTX…AGN…ANSS…APH…CAM…CCC…CIR…CL…DECK…DV…EPR…ESI…GES…GILD…JW.A…KEX…MYGN…NIHD…NILE…NOV…PCP…SINA…SPN…SPTN…TEVA
Moving Above 30 DMA = 6
ACL…BLUD…CBST…DNA…HLF…SOHU
Moving Below 30 DMA = 3AAPL…MBT…TECH
Staying Below 30 DMA
LAYN…OSIP…SWN…MMM…FLIR…PETS…STRA…BCR…AME…CHTT…GIS…PRGO…PTNR…TECH…AXYS…RCI…AFAM…MON…MTD…URBN… ICLR…CTSH…LNN...MCRS
Wednesday’s ActionMoving Up: FSLR, POT, GS, PCLN, STRA, SCHN, CLF, HANS, NUE, SOHU, PNRA, CNX, X, MOS, FWLT, ANR, IPI, COH, INFY, ONXX
Moving Down: ESRX, NDAQ
Intermediate Term Market Trend: Neutral – DJIA, SPX, Nasdaq, RUT
Short Term Market Trend: Down

Friday, December 12, 2008

DJIA + 64.59, +0.75%
SP500 + 6.14, +0.70%
NASDAQ Comp. + 32.84, +2.18%
Russell 2000 + 17.22, +3.82%
Exchange NYSE NASD
Advancing 2,278 1,941
Declining 1,518 902
Oil $46.28 -$1.70
Gold $818.90 -$6.00
SOX 212.94 +9.57
VIX 54.28 -1.50
Strongest Sectors: XLF +1.93%...XLK +1.19%...XLU +0.63%
Weakest Sectors: XLE -0.98%...XLY -0.33%...XLP +0.13%
Sector Watch
Up Trending:
Sideways: XLE, XLP, XLU
Down Trending: XLF, XLY, XLV, XLI, XLB, XLK This was an interesting week with plenty of bad news that threatened to send the market lower. We saw some interesting non-confirmations from the VIX on Monday suggesting a pullback on Tuesday and on Thursday suggesting a rally on Friday both non-confirmation signals were successful. The SOX and the momentum line were also helpful in staying focused on the chart and see through the smoke screen being created by the news.
In the end the market formed a higher low and is showing many positive breakouts in the indices and the stocks in our watchlists.
We posed the question on October 10…”Was this the beginning of the end?” We also stated that if it was the market would take at least 4 to 8 weeks before it would likely be ready to go up.
After 9 weeks it continues to appear that Oct. 10 may have been the beginning of the end. And while the markets are at best in a neutral trading range, they are showing signs of higher lows with bullish potential.

This is the time to watch closely leading stocks that are breaking above their 30 DMA and making higher lows for bullish trading opportunities. Watch our Stocks to Watch list each day for stocks closing above their 30 DMA.

Index Commentary
The DJIA formed a hammer and bullish harami while making a higher low on Friday as it closed above its 30 DMA.The SPX formed a hammer as it made a higher low closing just below its 30 DMA.
The Nasdaq formed a piercing line pattern while making a higher low and closing just above its 30 DMA.
The RUT formed a formed a piercing line pattern while making a higher low and closing just above its 30 DMA.Watch for confirmation of these bullish candle patterns in the indices on Monday.Stocks to Watch on Monday
Leading Stocks:
Holding Above 30 DMA
AYE…EZPW…PCLN…BAP…DLTR…FLR…FSTR…JCOM…JEC…PCR…ATK…B…IRIS…RTN…SNA…WMS…HAS…JOSB…AMZN…BIIB…BYI…HDB…LFC…MCRS…PSSI…AMX…CERN…FWLT…GME…MTW…NEU…NIHD…QSII…VMI…WAB…OI…PPD…CHU…FLS…MBT…RIOMoving Above 30 DMA = 17
AAPL…ANSS…BCO…CCC…CTSH…DECK…DV…EPR…GILD…JW.A…LNN…MOS…NDAQ…NILE…ROST…SHW…VIVOBullish Engulfing Pattern(click images to enlarge)Piercing Line PatternBull Flag PatternProphetCharts
MovingBelow 30 DMA = 3
ESRX…ICLR…MBT
StayingBelow 30 DMADGIT…LAYN…NOV…OSIP…SINA…SOHU…SWN…MMM…FLIR…PETS…SPTN…STRA…BCR…CL…ACL…AIRM…AME…CBST…CHTT…GIS…MYGN…PRGO…PTNR…TECH…AXYS…PRXL…RCI…AFAM…AGN…CAM…ESI…HLF…MON…MTD…PCP…POT…TEVA…URBN
Friday’s ActionMoving Up: STRA, PCLN, AEM, PNRA, X, POT, CLF, IPI, BRCM, KRE, AFAM, HANS, SINA, NUE, V, KMT, SCHN, AGU, NDAQ
Moving Down: MON, ZION, GS, ADM, BTU
Intermediate Term Market Trend: Neutral – DJIA, SPX, Nasdaq, RUT
Short Term Market Trend: Down

Wednesday, December 10, 2008

DJIA + 70.09, +0.81%
SP500 + 10.57, +1.19%
NASDAQ Comp. + 18.14, +1.17%
Russell 2000 + 10.69, +2.30%
Exchange NYSE NASD
Advancing 2,696 1,841Declining 1,146 1,003
Oil $43.52 +$1.45
Gold $807.10 +$34.70
SOX 208.57 +2.92
VIX 55.73 -3.18
Strongest Sectors: XLE +5.17%...XLB +3.09%...XLY +2.33%
Weakest Sectors: XLF -1.75%...XLK -0.83%...XLV -0.26%
Sector Watch
Up Trending:
Sideways: XLE, XLP, XLU
Down Trending: XLF, XLY, XLV, XLI, XLB, XLK(click images to enlarge)On Wednesday XLE was again the strongest sector and XLF the weakest. XLF is in a bull flag pattern.Stocks rallied after Tuesday's pullback. The VIX fell over 5% confirming the move up in the SPX. The SOX gained slightly more than the Nasdaq. These combined with the red momentum line in the lower reversal zone for the second straight day suggest the potential for a continued rise on Thursday. Also the pennant on the DJIA and SPX is a short-term continuation pattern with a greater probability to breakout to the upside.Index Commentary
The DJIA formed a bearish harami that did not confirm Tuesday’s bearish harami…forming a pennant since Monday…held just above its 30 DMA.
The SPX formed a bearish harami that did not confirm Tuesday’s bearish harami…forming pennant since Monday …closed just above its 30 DMA.ProphetCharts
The Nasdaq formed a doji that did not confirm Tuesday’s tombstone doji…formed inside day…closed just above its 30 DMA.
The RUT formed a bearish harami that did not confirm Tuesday’s bearish harami/shooting star-like pattern…formed an inside day…closed just above its 30 DMA.
Stocks to Watch on Thursday
Leading Stocks:
Holding Above 30 DMA
AYE…EZPW…PCLN…BAP…DLTR…ESI…FLR…FSTR…JCOM…JEC…PCR…ATK…IRIS…MIG…RTN…SNA…WMS…HAS…JOSB…SHW...URBN…AGN…AMZN…AFAM…ANSS…BIIB…BYI…DECK…ESRX…HDB…LFC…MCRS…NILE…PSSI…AAPL…AMX…CERN…CTSH…FWLT…GME…ICLR…JW.A…MON…MTW…NDAQ…NEU…NIHD…QSII…VMI…WAB…MOS…OI…PPDMTW from our intra-day post on Monday continues to move higherMoving Above 30 DMA = 15
CAM…CCC…CHU…EPR…FLS…GILD…HLF…MBT…MTD…PCP…POT…RIO…ROST…TEVA…VIVO

Tuesday, December 9, 2008

DJIA - 242.85, -2.72%
SP500 - 21.03, -2.31%
NASDAQ Comp. - 24.10, -1.50%
Russell 2000 - 15.67, -3.26%
Exchange NYSE NASD
Advancing 1,266 962
Declining 2,581 1,905
Oil $42.07 -$1.64
Gold $772.40 +$5.00
SOX 205.65 +9.50
VIX 58.91 +0.42
Strongest Sectors: XLE +1.00%...XLK -0.64%...XLB -1.06%
Weakest Sectors: XLF -4.02%...XLY -2.01%...XLP -1.93%
Sector Watch
Up Trending:
Sideways: XLE, XLP, XLU
Down Trending: XLF, XLY, XLV, XLI, XLB, XLK
Monday evening we had 250 people join in our TA webcast. In the session we pointed out that while the short-term trend was up we expected stocks to pullback in the next 1 to 2 days. We pointed out the upper reversal zone reading on the momentum and near term line, the lack of weakness in the VIX on Monday when the SPX was up strong and the relative weakness in the SOX index compared with the Nasdaq and other broad indices as our reasons for a pullback.
We also mentioned the SOX strength could simply be delayed as it was last week on Dec. 2 as the Nasdaq rose and then made a strong move on Dec.3. Interestingly enough that is exactly the way it happened today. The SOX found buyers on Tuesday as the index rose 4.84% even though the broad indices were lower. TXN traded over 34 million shares (average 17.9 mil.) while rising 4.93%. Other SOX leaders included: NSM, MRVL, AMD, MXIM, BRCM, LLTC MU and ALTR. (click images to enlarge)ProphetCharts
We also stated this might be a bull flag type of pullback and to look for a potential higher low following the inverse head and shoulders breakout on the indices on Monday.
The SPX, Nasdaq and RUT showed some early strength until 11 am ET on Tuesday when the expected pullback began to materialize as sellers took over. The VIX was relatively weak compared to the drop in the SPX suggesting fear was not rampant in Tuesday’s selling.
Only one Sector ETF Energy, XLE, rose on Tuesday and that was even with oil prices falling $1.64 to 42.07 a barrel. The Financial Sector, XLF, which has been the strongest sector over the past two weeks, was the weakest sector on Tuesday.

Index Commentary
The DJIA formed a bearish harami as it pulled back to its 30 DMA.
The SPX formed a bearish harami as it pulled back to its 30 DMA.

Friday, December 5, 2008

DJIA + 259.18, +3.09%
SP500 + 30.85, +3.65%
NASDAQ Comp. + 63.75, +4.41%
Russell 2000 + 21.56, +4.91%
Exchange NYSE NASD
Advancing 2,619 1,965
Declining 1,204 849
Oil $40.81 -$2.86
Gold $750.50 -$13.30
SOX 192.56 +5.92
VIX 59.93 -3.71Strongest Sectors: XLF +7.92%...XLK +3.94%...XLV +3.41%
Weakest Sectors: XLU +0.64%...XLB +1.86%...XLE +2.08%
Sector Watch
Up Trending:
Sideways: XLE, XLP, XLU
Down Trending: XLF, XLY, XLV, XLI, XLB, XLKAfter giving back all of Wednesday's gains on the Thursday the market found support near Monday's lows and rallied over 500 Dow points to regain all of Thursday's drop and more. All sector ETFS moved higher on Friday with Financial, XLF, leading the way for the third time this week. The Retail Industry ETF, XRT, rose 7.10%, while AMZN pulled back and found support just above 43 before rising to 48.
The DJIA, SPX, Nasdaq and RUT appeared to make higher lows this week. The DJIA closed in the middle of its 8-week trading range since the Oct. 10 low. Watch for a break above the Nov. 28 high on all four indices for confirmation of this week’s higher low.
All fours indices appear to be on the verge of inverse head and shoulders breakouts. Watch for a breakout this next week.
Check out our Stocks to Watch on Monday list.
Oil and gold continued to fall on Friday.
Index Commentary
The DJIA first broke down out of its pennant pattern, reversed and broke out and closed above the pennant…closed above its 20 and 30 DMA…formed an outside day…bounced off of Monday’s support low and rallied over 500 points into the close...Friday was the highest close of the week.
(click image to enlarge)ProphetChartsThe SPX closed above its 20 DMA…formed an outside day…Friday was the highest close of the week.
The Nasdaq closed above its 20 DMA…formed an outside day…broke out to the upside of its pennant pattern forming since Monday…Friday was the highest close of the week.
The RUT closed above its 20 DMA…formed and outside day…closed just above the falling resistance line of its pennant forming since Monday…Friday was highest close of the week.
Stocks to Watch on Monday
Leading Stocks:
Holding Above 30 DMA
AXYS…AYE…DV…EZPW…PCLN…PPD…ASIA…BAP…CBST…DLTR…ESI…FLR…FSTR…TKC…JCOM…JEC…PCR…ATK…B…IRIS…MIG…RTN…SNA…TEVA…WMS…GILD...HAS…JOSB…URBN…AGN…AMZN…ROST(click image to enlarge)
Moving Above 30 DMAACL…AFAM…AIRM…AME…ANSS…BCR…BIIB…BYI…CL…DECK…ESRX…HDB…ICON…LFC…MCRS…NILE…PSSI(click image to enlarge)
Moving Below 30 DMANone
Staying Below 30 DMAMYGN…GIS…AMX…CERN…CHU……CHTT…DGIT…LAYN…NIHD…NOV…OSIP…RIO…SINA…SOHU…SWN…VMI…MMM…FLIR…PCP…PETS…SPTN…AAPL…AOB…CTSH…FWLT…IT…JW.A…MTD…PRGO…RCI…STRA…VIVO…WAB
Friday’s ActionMoving Up: MA, FSLR, STRA, POT, GS, SCHN, X, PNRA, NUE, CF, V, ESRX, PCLN, HANS, AFAM, ADM, CNX, ZION, COH, MON, CLF, KRE, UAUA, SOHU, NDAQ, KBE, MOS, FWLT, KMT, INFY, LCC, MS, IPI
Moving Down: None
Intermediate Term Market Trend: Neutral – DJIA, SPX, Down – Nasdaq, RUT
Short Term Market Trend: Up

Wednesday, December 3, 2008

DJIA + 172.60, +2.05%
SP500 + 21.93, +2.58%
NASDAQ Comp. + 42.58, +2.94%
Russell 2000 + 11.94, +2.70%
Exchange NYSE NASD
Advancing 2,548 1,736
Declining 1,297 1,112
Oil $46.79 -$0.17
Gold $768.80 -$12.50
SOX 198.07+12.38
VIX 60.72 -2.26
Strongest Sectors: XLF +5.17%...XLY +3.58%...XLK +2.87%
Weakest Sectors: XLB -0.18%...XLE +0.06%...XLP +1.21%
Sector Watch
Up Trending:
Sideways: XLE, XLP, XLU
Down Trending: XLF, XLY, XLV, XLI, XLB, XLK
Stocks continued to rally on Tuesday in part due to strong double digit increase in online spending over the Friday to Monday Thanksgiving weekend. XRT, the Retail Industry ETF rose 4.17%, while AMZN jumped 9.76%. Financial ETF, XLF, was the strongest sector ETF for the second straight day. Eight of nine sector ETFS moved higher on Wednesday.
The broad indices and many stocks confirmed Tuesday’s bullish harami pattern while also breaking through Monday’s R1 resistance level and in many cases regaining over Tuesday and Wednesday more than 75% of Monday’s losses.
The VIX fell again confirming the rise in the SPX. The SOX rose significantly making up for Tuesday’s under performance providing solid support to today’s tech rise. The DJIA continues in its intermediate term (7 weeks) sideways trading range while the SPX intermediate term trend status changed to neutral after closing above its Oct. 10 low for the second straight day. The Nasdaq and RUT are still below key October support, now resistance levels.
Check out our Stocks to Watch on Thursday list.
Gold and gold stocks fell on Wednesday and oil slipped just 17 cents. AAPL: Head & Shoulders, Double Bottom, Fibonacci Retracement and HammerEarly this morning in our webcast we pointed out two intra-day patterns a head and shoulders from Tuesday and a potential double bottom in progress on Wednesday. We pointed out that Tuesday's head and shoulders (1) had a price target of $89.25(2) which was achieved just after 2 pm and just before a rally took AAPL to a close at $92.50.We pointed out this morning during the first hour that AAPL was forming a potential double bottom (2) and if it broke the resistance high of $92.50 that the intra-day price target for AAPL would be $96. AAPL then rallied to $94.50 where traders selling formed resistance and caused AAPL to retreat, interestingly enough to a 50% Fibonacci retracement (3), where quite amazingly a hammer and dragonfly doji were formed (3)...only to see buyers step in and drive AAPL to a touchdown at $96 (4)just before closing at $95.90.(click image to enlarge)ProphetChartsThese types of occurences are only happening every day and people wonder why Dave believes so strongly in Chart Signals.Dave's Insight: "I know technical analysis is just an accident...but isn't it amazing how the accident keeps happening over and over and over again."Index Commentary
The DJIA confirmed Tuesday’s bullish harami and closed above Monday’s R1 level and also above its 20 DMA…closed just below its 30 DMA…remained in sideways trading range…bounced off 50% Fibonacci support and rose above the 23.6% retracement level from the Nov. 21 low.(click image to enlarge)Stocks to Watch on Thursday
Leading Stocks:
Holding Above 30 DMA
AXYS…AYE…DV…EZPW…PCLN…PPD…ASIA…BAP…CBST…DLTR…ESI…FLR…FSTR…TKC…JCOM…JEC…PCR…AME…AOB…ATK…B…CL…CTSH…FWLT…IRIS…JW.A…MIG…RTN…SNA…TEVA…WMS
Moving Above 30 DMA
AAPL…ANSS…BCR…BYI…GILD...HAS…IT…JOSB…LFC…MTD…RCI…SHW…URBN…VIVO…WAB
Moving Below 30 DMA
FLIR…PCP…PETS…PSSI…SPTN
Staying Below 30 DMA
MYGN…GIS…AMX…CERN…CHU……AFAM…AGN…CHTT…DGIT…ESRX…LAYN…NIHD…NOV…OSIP…RIO…SINA…SOHU…SWN…VMI…MMM
Wednesday’s ActionMoving Up: FSLR, MA, GS, MON, V, ESRX, PNRA, MS, ZION, BRCM, ONXX, COH, BTU, KBE, KRE, KMT, AFAM
Moving Down: STRA, POT, ANR, AEM, PCLN, CNX, ADM, CLF
Intermediate Term Market Trend: Neutral – DJIA, SPX, Down – Nasdaq, RUT
Short Term Market Trend: Up

Dave Johnson, CMT

David Johnson, CMT
Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events.
Email: chartsignals@yahoo.com